In an exclusive conversation with ET Now, Parag Thakkar, from Fort Capital shared his perspective on Tata Consultancy Services’ (TCS) latest quarterly results, the company’s strategic shift towards AI and data centre investments, and his bullish stance on the metals and banking sectors. “We have 2.5% weight in TCS and we are not going to … Read more
“If you strip out the earnings growth coming from some PSU banks, a large number of NBFCs and private sector banks have clearly disappointed. My understanding is that this industry is becoming highly competitive—a “red ocean”—making it very difficult for banks to sustain the kind of growth rates we were used to four or five … Read more
“That’s a positive sign as we look ahead, because the so-called slowdown in the economy may not be as severe as many had feared. This could mean that as we move into the second half of the year, the worst of the downgrade cycle may be behind us, and we might even start to see … Read more
Axis Bank tightened its asset classification and income recognition norms, signalling a more conservative credit approach that appears to have dented the lender’s June-quarter profitability. An unexpected bottom-line shrinkage caused the stock to slump more than 5% Friday, forcing a retreat of the Nifty on which Axis Bank has the third-biggest weighting among private lenders. … Read more
“If we look at Nifty and what appears to be now kind of weighing on the market after the rally is that you have an upcoming results season wherein the expectations might be or the actual results may be somewhat more sober compared to what the market may have actually priced in. So, there is … Read more
Making adjustments to its model portfolio, domestic brokerage firm Kotak Institutional Equities has increased the weight of InterGlobe Aviation (INDIGO) by 100 basis points to 250 basis points and Pidilite Industries (PIDI) by 40 basis points to 190 basis points. Meanwhile, Dabur witnessed a decrease in the weightage. According to the domestic brokerage firm, both … Read more
State Bank of India (SBI), the country’s largest lender, has ceased its Amrit Kalash fixed deposit (FD) scheme, which was earlier available for a limited period. This scheme offered a notable interest rate of 7.10% per annum for regular investors and a higher rate of 7.60% for senior citizens on a 400-day deposit. According to … Read more
“It is the right time to stick to the domestic side, where again the sectors like banking, again financially, if you look even in this current corrective phase banking as a sector clearly is showing the relative outperformance even in this current corrective phase,” says Dharmesh Shah, ICICI Direct. What should one expect because I … Read more
The Reserve Bank of India (RBI) has taken the decision to cancel the bank holiday originally set for March 31, 2025. This move comes as the central bank aims to ensure that banks across the country remain operational during this critical period for year-end financial transactions. This directive is a response to the need for … Read more
HDFC Mutual Fund has increased its stake in IndusInd Bank by acquiring an additional 0.20% of the bank’s paid-up shares. This move comes during a period of significant market fluctuation for the bank, which recently faced a sharp decline in its share value after announcing discrepancies in its internal derivatives accounting. The banking stock closed … Read more